Friday 18 April 2014
 
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Dubai

Dubai’s fragrance, fashion trade hits $56bn

The value of fragrance, beauty and fashion related trade in Dubai reached Dh206 billion ($56 billion) in 2013, a report said. Comparing with the 2012 trade value of Dh191 billion, trade increased eight per cent last year, added th

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573 hotels in pipeline in Mideast-Africa

There are 573 hotels in the development pipeline in the Middle East/Africa region, according  to a STR Global Construction Pipeline Report. The new hotels will provide a total of 137,193 rooms, it said. The dat

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HK-based Langham to manage Dubai resort

The Hong Kong-based Langham Hospitality Group has announced an agreement with DAS Real Estate to manage a 323-room resort located on the crescent of Palm Jumeirah, Dubai. The Langham resort is scheduled to open in 2015 and this ma

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Dubai inflation up 3pc, highest since 2009

Dubai's consumer inflation rose 3.0 per cent in March compared to the same month last year, registering the highest increase since August 2009. The increase from February was 0.4 per cent, according to the Dubai Statistics Cen

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Sharp’s green products on show at Wetex

Sharp Middle East and Africa is showcasing its latest line-up of green technologies and products including business solutions and consumer electronics at the ongoing Water, Energy, Technology and Environment Exhibition (Wetex) 2014 in Dubai.

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Popular Dubai restaurant gutted

Baithal Ravi Restaurant, a popular eating place in Al Musalla in the Bur Dubai area of Dubai, was today gutted in a fire, a report said. According to eyewitnesses, the kitchen, family hall and office were affected the most, a Khal

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Dubai's new satellite fully operational

DubaiSat-2, the emirate's newest satellite, became operational after completing its in-orbit commissioning, said a report. Launched in November last year, the satellite, which helps produce high-resolution earth-mapping imager

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Sharjah rents up 7pc as Dubai residents relocate

Sharjah’s rent rates have increased seven per cent on average this quarter as Dubai residents look to relocate to more affordable accommodation, said a report.   The Q1 2014 Northern Emirates report from As

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Economic impact of Expo 2020 ‘could spill over in region’

Experts from Deloitte, a leading professional services firm, weigh in on the changes that will occur as a result of the Expo 2020 Dubai win, as well as the challenges facing senior management in the GCC countries and wider Mena region as the cou

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IMG Theme Park gets $327m Islamic loan

Dubai-based entertainment venue IMG Theme Park has successfully closed a 1.2 billion dirham ($327 million) syndicated Islamic facility, as the company prepares for an increase in the influx of tourists into the emirate. Proceeds w

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